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WuXi PharmaTech Announces Fourth-Quarter and Full-Year 2012 Results, Share Repurchase Program
Date:3/7/2013

, except ADS data and per ADS data)Three Months Ended
December 31,Twelve Months Ended
December 31,20122011%Change20122011%ChangeNet revenues:Laboratory Services103,771

87,503

18.6%382,890

311,638

22.9%Manufacturing Services21,888

21,038

4.0%117,022

95,539

22.5%Total net revenues125,659

108,541

15.8%499,912

407,177

22.8%Cost of revenues:Laboratory Services(60,308)

(51,169)

17.9%(235,148)

(184,882)

27.2%Manufacturing Services(16,587)

(14,809)

12.0%(81,526)

(65,851)

23.8%Total cost of revenues(76,895)

(65,978)

16.5%(316,674)

(250,733)

26.3%Gross profit:Laboratory Services43,463

36,334

19.6%147,742

126,756

16.6%Manufacturing Services5,301

6,229

(14.9%)35,496

29,688

19.6%Total gross profit48,764

42,563

14.6%183,238

156,444

17.1%Operating (expenses)/income:Selling and marketing expenses(4,734)

(3,031)

56.2%(15,335)

(10,271)

49.3%General and administrative expenses(17,950)

(17,114)

4.9%(70,324)

(56,956)

23.5%Research and development expenses(2,499)

(2,206)

13.3%(8,136)

(5,407)

50.5%Impairment charges for goodwill and intangible assets(3,415)

-

-(3,415)

-

-Revaluation of contingent consideration3,391

-

-3,391

-

-Total operating expenses(25,207)

(22,351)

12.8%(93,819)

(72,634)

29.2%Operating income23,557

20,212

16.5%89,419

83,810

6.7%Other income (expenses), net:Other income (expenses), net3,285

5,367

(38.8%)8,548

8,509

0.5%Interest income (expenses), net1,487

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SOURCE Wuxi PharmaTech Co. Ltd.
Copyright©2012 PR Newswire.
All rights reserved

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